Ashtead Group plc (LON:AHT)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group LLC in a report released on Thursday. They presently have a GBX 2,000 ($26.57) price objective on the stock. Jefferies Group LLC’s price objective indicates a potential upside of 6.44% from the company’s previous close.

Other analysts have also issued reports about the company. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 1,800 ($23.92) target price on shares of Ashtead Group plc in a research note on Wednesday, September 13th. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,867 ($24.81) price objective on shares of Ashtead Group plc in a research report on Wednesday, September 13th. Numis Securities Ltd lifted their price objective on Ashtead Group plc from GBX 1,800 ($23.92) to GBX 2,000 ($26.57) and gave the stock an “add” rating in a research report on Wednesday, September 13th. Liberum Capital lifted their price objective on Ashtead Group plc from GBX 1,940 ($25.78) to GBX 2,030 ($26.97) and gave the stock a “buy” rating in a research report on Thursday, September 14th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,800 ($23.92) price objective on shares of Ashtead Group plc in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of GBX 1,783.62 ($23.70).

Ashtead Group plc (LON AHT) traded down 0.32% during trading on Thursday, hitting GBX 1879.00. 1,185,686 shares of the stock traded hands. The company has a 50-day moving average price of GBX 1,785.68 and a 200 day moving average price of GBX 1,655.32. Ashtead Group plc has a one year low of GBX 1,202.00 and a one year high of GBX 1,921.00. The stock’s market cap is GBX 9.35 billion.

Ashtead Group plc (LON:AHT) last announced its earnings results on Tuesday, September 12th. The company reported GBX 31.50 ($0.42) earnings per share for the quarter, beating the Zacks’ consensus estimate of GBX 30.10 ($0.40) by GBX 1.40 ($0.02). Ashtead Group plc had a return on equity of 29.67% and a net margin of 17.04%. The company had revenue of £828.80 million during the quarter. Analysts expect that Ashtead Group plc will post $118.98 earnings per share for the current year.

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About Ashtead Group plc

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.

Analyst Recommendations for Ashtead Group plc (LON:AHT)

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